XCN Jumps 20% Today Following Onyxcoin’s New Update Announcements

• XCN token price surged by around 20% today.
• Onyx DAO recently increased staking rewards with no lockup period.

Onyxcoin is making strides in 2025 with its incredible price surge for the past few weeks. The team is relentlessly working towards the platform upgrades and bringing renewed hope and confidence among its community. Its native XCN stood out from rest of the altcoins by witnessing incredible price jump.

XCN Price (Source: CoinMarketCap)

Onyxcoin’s XCN is trading at $0.02452 with around 20% increase in the last 24 hours. The 27.78% increase in its 24-hour trading volume reflects the token’s potential to rise higher. After reaching a peak of $0.02731 earlier today, it is now trading in the $0.024 price range.

Onyxcoin has become the talk of the town in the crypto industry after starting a price jump this year. The XCN token price increased by a whopping 1500% in January alone. Its price rally slowed down a bit last week before resuming the upward momentum.

Unlike most of the cryptocurrencies, the XCN price surge didn’t come by accident. The team behind Onyxcoin has made several developments in the past few months and is striving towards changing the face of this crypto.

Onyx DAO Increases Staking Rewards and Introduces Token Burn Mechanism

The Onyx team announced new updates to the platform on its official X account. This has further fueled the investment interest among its community and led to the current price increase.

Investors can now benefit from increased staking rewards on Onyx DAO. It also has no locking period for staking on the platform. The XCN Ledger also utilizes EIP-1559 to burn a portion of the token supply. These two updates are add ons to the already existing upgrades such as new blockchain announcement and tokenomics refinement.

The XCN token price surge is one of its kind amidst the bearish crypto market. Nonetheless, the project proves that no matter what the market circumstances, a quality project always gets a good response from its community.

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